RATES NEAR RECORD LOWS: Average U.S. rates on fixed mortgages stayed close to record lows this week, a trend that is boosting home sales.
THE NUMBERS: Mortgage buyer Freddie Mac says the average 30-year loan rate ticked up to 3.32 percent. That's close to last week's rate of 3.31 percent, the lowest on records dating to 1971. The average on the 15-year fixed mortgage edged up to 2.64 percent from 2.63 percent, also a record.
HOUSING RECOVERY: Lower mortgage rates have helped lift home sales and construction, providing a much-needed boost to the economy.
In Other News: North Korea Threatens to Hack US if We Don't Acknowledge Their Innocence in Hack Attacks | Michael Schaus
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for December 22nd, 2014 | John Ransom
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance: William's Edge Webinar for December 19th, 2014 | John Ransom
In Other News: New Captain America Will be Black; Racist Liberals Suddenly Become Fans | Michael Schaus
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for December 17th, 2014 | John Ransom